Vertical Spreads for Aggressive Growth

The Jedi · Aug 16, 2006

To compare the straight options vs spreads in trading the OIH it would be better to look at the loss potential or the risk than at the profit potential

Just a thought

Cache Landing · Aug 16, 2006

Quote from Cache Landing:

Today's Action Cont.

STO 3 GS AUG 145/150 c @ 2.70

Year to Date P/L

Account Value: $14,019.50

YTD Gross P/L: 4,585.00

YTD Commiss: 565.50

YTD Net P/L: 4,019.50

YTD % P/L: 40.2%

I was just going to roll but I got a good chance to leg out today when it dipped and bottomed out at 10:00. I was expecting a bit bigger run on the good news today, but I did get back enough to make it worth it.

Today's Action

BTC 3 GS AUG 145/150 c @ 3.40

Year to Date P/L

Account Value: $14,854.50

YTD Gross P/L: 5,480.00

YTD Commiss: 625.50

YTD Net P/L: 4,854.50

YTD % P/L: 48.5%

rbsanders · Aug 16, 2006

Quote from The Jedi:

To compare the straight options vs spreads in trading the OIH it would be better to look at the loss potential or the risk than at the profit potential

Just a thought

Good point. I do spreads but also directional trade mostly indexes or etfs and i shares try to avoid single stocks. Hate to wake up in the morning to see news that gaps an option on a single stock the wrong direction.

ryank · Aug 17, 2006

Quote from yip1997:

Lets see tomorrow if you are going to offer the drink again

The drink offer is offically withdrawn

.

yip1997 · Aug 17, 2006

Quote from ryank:

The drink offer is offically withdrawn .

Isn't "selling advice" the greatest invention of mankind? If my advice is wrong, I lose nothing. But if i am right, i will get a drink. Freebie

ryank · Aug 17, 2006

Quote from yip1997:

Isn't "selling advice" the greatest invention of mankind? If my advice is wrong, I lose nothing. But if i am right, i will get a drink. Freebie

LOL!

Cache Landing · Aug 17, 2006

I think the environment is great for bear call spreads on SPX, NDX, and OEX right now. We might very well continue a bit higher from here, but by OCT we are going down.

2 cents

RichardRimes · Aug 17, 2006

Quote from ryank:

The drink offer is offically withdrawn .

I'm in the same doo doo:eek: but you never know...set may

on us tomorrow! oh I forgot you actually closed...I'm the only one in the doo doo

ryank · Aug 17, 2006

Quote from RichardRimes:

I'm in the same doo doo:eek: but you never know...set may on us tomorrow! oh I forgot you actually closed...I'm the only one in the doo doo

I'm glad at this point that I closed and took the profit off the table, just too much strength in the market lately so I pulled the trigger. Still made decent money on the trade, enough that I can buy you a drink. I know a couple places that have penny beer nights

.

ryank · Aug 18, 2006

Quote from Cache Landing:

I think the environment is great for bear call spreads on SPX, NDX, and OEX right now. We might very well continue a bit higher from here, but by OCT we are going down.

2 cents

Thanks for the tip. I like the look of the XEO, might try something there.